{
  "id": 6237497,
  "title": "HMM secures $3.5 bil. shipping contract with Brazil's Vale",
  "url": "https://urgent.news/2026/09/08/hmm-secures-3-5-bil-shipping-contract-with-brazils-vale-6237497",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-08T05:12:04.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/business/companies/20260908/hmm-secures-35-bil-shipping-contract-with-brazils-vale"
  },
  "original_language": "en",
  "account": null,
  "summary": "Korean shipper HMM has secured a $3.5 billion long-term shipping contract with Brazilian mining giant Vale, according to The Korea Times. The agreement will see HMM transport bulk cargo for Vale using eight newly built vessels, which will be delivered sequentially from 2030 and operated under 25-year contracts. This marks HMM's third major deal with Vale, following two 10-year long-term shipping contracts signed last year. The eight 210,000-ton Newcastlemax bulk carriers will be equipped with tri-fuel propulsion engines capable of running on methanol, ethanol, and conventional fuel oil, as well as LNG- and ammonia-ready features for future conversion. The deal aims to strengthen HMM's bulk shipping business and diversify its portfolio.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "HMM secures 4.7 tln-won shipping contract with Brazil's Vale",
        "url": "https://urgent.news/2026/09/08/hmm-secures-4-7-tln-won-shipping-contract-with-brazils-vale",
        "published": "2026-09-08T04:42:57.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "HMM secures $3.5 bil. shipping contract with Brazil's Vale",
        "url": "https://urgent.news/2026/09/08/hmm-secures-3-5-bil-shipping-contract-with-brazils-vale",
        "published": "2026-09-08T04:57:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}